U.N. imposes tougher sanctions on N. Korea

SAN FRANCISCO (MarketWatch) -- The United Nations Security Council on Friday imposed tougher sanctions on North Korea, including a tighter arms embargo and additional financial restrictions, in response to the country's nuclear test. "By unanimously adopting resolution 1874, the 15-member body condemned the 25 May nuclear test conducted in 'violation and flagrant disregard' of relevant Council resolutions, particularly 1695 and 1718," said the U.N. in a statement. The U.N. also demanded that North Korea refrain from further nuclear tests or launching ballistic missiles. The most recent sanctions followed several days of intense negotiations between key players including the United States, South Korea and traditional allies of North Korea such as China and Russia.

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